AFM131 Chapter Notes - Chapter 10: Enterprise Resource Planning, Facility Location Problem, Lean Manufacturing

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: David H A

Document Summary

Most of our industry is focused on natural resources: experience significant growth in times when world economies are growing. Offset by equally large retraction when economies are stagnant/recession: ma(cid:374)(cid:455) fa(cid:272)to(cid:396)s a(cid:272)(cid:272)ou(cid:374)t fo(cid:396) diffi(cid:272)ulties i(cid:374) (cid:449)o(cid:396)ld"s (cid:272)o(cid:373)petiti(cid:448)e (cid:396)a(cid:272)e. Unrelenting competition from the states, japan, germany, india, china, other southeast asian countries. Inadequate education and retraining programs for workforce (cid:862)(cid:271)(cid:396)a(cid:374)(cid:272)h pla(cid:374)t e(cid:272)o(cid:374)o(cid:373)(cid:455)(cid:863) Many subsidiaries owned by foreign parent companies: profits are mostly returned to those companies rather than invested in canada. Providing targeted tax credits for activities that initiate new investment by manufacturing: creating manufacturing innovation centre of excellence. Direct support to organizations looking to increase productivity, innovation and growth: establish strategic capital investment fund for facility upgrades, strengthen labour market. Promoting careers in advanced manufacturing to canadian youth. Developing policy and regulation to build free trade. Expand key trade corridors with other countries. Work directed towards innovation, introduction, and improvement of products and processes.